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Feds to bail out state pension funds?

Discussion in 'The Okie Corral' started by Mr981, Sep 30, 2012.

  1. Clutch Cargo

    Clutch Cargo Amsterdam Haze

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    Nov 29, 2010
    DFW
    Not in Texas. I put in 22.5 years and get about 30% of my salary. If I was older and not expected to live another 30 years, my pension would be higher.
     
  2. Clutch Cargo

    Clutch Cargo Amsterdam Haze

    1,050
    0
    Nov 29, 2010
    DFW
    The wine we were served at the Basel Grand Casino, almost had me seeing the same unicorns I saw in Amsterdam. :wow:
     

  3. JohnBT

    JohnBT NRA Benefactor

    5,435
    214
    Feb 24, 2000
    Richmond, Virginia
    " Full salary and medical benefits are really going to hurt the system."

    I just retired at 62 after 38 years with the state. With some old converted sick leave (due to a new program 20 years ago) the total is 38.5 years.

    I will get 65.55% of my salary. BUT, however, my health insurance monthly premium goes from $78/mo. to $527/mo.

    Where do I sign up for that "full salary" and bennies?


    (At 65 I will have to apply for Medicare and pay about $100/mo., but the $527 drops to about $250 for my state Anthem coverage.)

    I almost lasted 40 years before they wore me out. I haven't applied for SSA retirement yet. I won't qualify for full retirement until I'm 66; all they'll pay now is 75%. I started paying SSA taxes in 1966.

    John
     
  4. Ohio Cop

    Ohio Cop

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    Mar 1, 2012
    The Rust Belt.

    [​IMG]
     
  5. Ohio Cop

    Ohio Cop

    5,550
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    Mar 1, 2012
    The Rust Belt.
    WE ARE TWINZZZZ!!!!!:steamed::steamed::steamed::steamed::steamed:
     
  6. JohnBT

    JohnBT NRA Benefactor

    5,435
    214
    Feb 24, 2000
    Richmond, Virginia
    "A private business makes compensation decisions based on a profit motive. "

    I have also worked for a few family owned private businesses. They had spouses on the payroll, kids on the payroll and lord knows who else drawing a paycheck. Maybe it was a tax dodge, because most of the family members didn't work very hard. Or many hours.

    John
     
  7. DanaT

    DanaT Pharaoh

    So go start your own business and hire your relatives. There is nothing wrong with that. Its your money to spend as you want.

    You seem to not understand the difference between spending YOUR money on something and spending SOMEONE elses money on something.

    As an example, would you think a BMW M5 is an acceptable car to use a govt vehicle to let employees use? If a private business wants to buy it, it is their money to do what they want and if they want to "blow" money on an M5, so be it. ( wouldnt say an M5 is blowing money...but that is a different story)
     
  8. certifiedfunds

    certifiedfunds Tewwowist

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    Apr 23, 2008
    Houston
    That's just smart. How does that contradict the statement you quoted?
     
  9. Peace Warrior

    Peace Warrior Am Yisrael Chai CLM

    30,706
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    Jan 12, 2007
    the narrow way
    :headscratch: